The most common use of the CPI is as an economic Indicator to forecast Inflation and evaluate the effectiveness of government policies. Using the monthly CPI (seasonally adjusted) from January 2007 to May 2013, the estimated regression is: CPI-206+0.0346t, where t= 1, 2, ...77 to represent the months in the series. Which statement below is true? O The Intercept is an estimate of CPI for 2013 O The Intercept is an estimate for the average value of CPI in January. O The estimate value of CPI In January 2007 is about 206.03 O The Intercept is the value of CPI in January 2007.

Refer to the table given. If 2010 is the base year, the price index in 2011 is .. Price per unit (TL) 2011 Units purchased 2009 2010 2012 Blueberries 2.00 2.00 2.10 2.40 Pineapples 5 2.00 2.50 2.50 3.00 Cheese 2.50 3.00 3.50 4.00 105.8 94.2 106.1 93.9

The following is data on income (IDR 1,000) and the Consumer Price Index (CPI) with the base year 2014 Question: - Before working on the questions below, please change the base year to 2015 - Find the actual income each year with the 2015 base year - Determine the purchasing power of the currency for 2015 to 2019

Calculate median income in 2000 (real) dollars for each of the 3 years. Suppose GDP in current (nominal) dollars and the GDP price index for the United States are as follows: Year 1990 2000 2005 GDP in current dollars (trillions) 6.0 10.0 15.0 Calculate GDP in 2005 (real) dollars for each of the 3 years. Price index [2000=100] 80 100 125

Suppose a loaf of bread sold for $3.00 in 2016. The price of bread then increases to $3.60 in 2017. The price index for bread in 2017, considering 2016 as the base year, is O 1.20 83.33 120 100 20

Indicate which one of the following events will affect CPI ONLY. Oa Saudi Arabia successfully developing a vaccine for Covid-19 which is used locally as well as exported to other countries. Ob. There is a decrease in the price of meat imported from Australia. Oc.There is an increase in the price of eggs produced in Saudi Arabia Od. People buying more imported goods without any change in prices O Saudi Arabia changes its base year to 2020

Indexation is done using the CPI and is equivalent to measuring the real GDP. True O False

204 20(4).pdf 2 / 3 The average nominal incomes earned in Eturia and the CPI are shown in the table below. 2018 $26,700 105 Q Search Nominal income CPI (2002 = 100) F5 — to the nearest dollar. Calculate real income for each year. Enter your responses in the table above. Round your answers Ws b. By what percentage did real incomes rise in the years 2019 and 2020? Enter your responses rounded to one decimal place, in the table above. 100% + @ 4. The information in the table below is for the economy of Mensk. Round your responses below to one decimal place. Working-age population Number of people in full-time employment Number of people in part-time employment Number of people unemployed Number of discouraged workers % 5 € in a. What is the unemployment rate? b. What is the participation rate? F6 6 5. The table below shows national data for the economy of Westfall. Round your intermediate DELL F7 & 7 F8 12 8 F9 2019 $32,000 107 1 prt sc F10 9 home H F11 O 25.0 12.0 0 5.0 2.5 2.0 2020…

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. In year one, the basket costs $6.00. In year two, the price of the same basket is $7.00. From year one to year two, there is    at an annual rate of    .   In year one, $12.00 will buy    baskets, and in year two, $12.00 will buy    baskets.   This example illustrates that, as the price level rises, the value of money    .